500 West 42nd Street West Wing

502 W 42nd St, New York City, NY 10036

Waiting List Forecast: Likely Short or None

check_circleVerified for 2026 by Joshua Cappell

Rent	Beds	Baths	SqFt
$831 - 1,225 per Month^†	1 - 3 Beds	1 Bath	803 - 1,310 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

500 W 42nd St offers a blend of livability, quality and comfort. A short distance form many businesses, this location is ideal in the Bronx.

Dave's Thoughts On 500 West 42nd Street West Wing

Because 500 West 42nd Street West Wing participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

500 West 42nd Street West Wing Amenities

Elevator
Pool
Air Conditioning
Smoke Free
High Speed Internet Access
Wheel Chair Accessible

Units at 500 West 42nd Street West Wing

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	803ft²	$831 $950^†
Two Bedroom (2/1)	1103ft²	$986^†
Three Bedroom (3/1)	1310ft²	$1,137 $1,225^†

Income Qualification for 500 West 42nd Street West Wing

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$49,450 / year	$56,500 / year	$63,550 / year	$70,600 / year	$76,250 / year	$81,900 / year
50% AMI for PBRA Units	$49,450 / year	$56,500 / year	$63,550 / year	$70,600 / year	$76,250 / year	$81,900 / year
60% AMI for LIHTC Units	$59,340 / year	$67,800 / year	$76,260 / year	$84,720 / year	$91,500 / year	$98,280 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for 500 West 42nd Street West Wing

Does 500 West 42nd Street West Wing have a waiting list?

500 West 42nd Street West Wing probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at 500 West 42nd Street West Wing?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges 500 West 42nd Street West Wing?

500 West 42nd Street West Wing is managed by Clinton Housing Development Company headquartered in New York, New York.

In addition to 500 West 42nd Street West Wing, how many other affordable housing properties (and units) are there in New York City?

In addition to 500 West 42nd Street West Wing, we list 2637 other affordable properties in New York City. Learn about these properties here. Our data research shows that there are a total of 402423 affordable units in New York City.

When was the 500 West 42nd Street West Wing listing last updated?

500 West 42nd Street West Wing listing on Affordable Housing Online was last updated on 07/06/2026 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.